Soares, Rodrigo R.; Birchenall, Javier A. - Society for Economic Dynamics - SED - 2004
This paper incorporates fertility and altruism into the ``value of life'' framework. Two dimensions of fertility and … determining welfare in a context where individuals choose the number of children they have. Second, if altruism motivates … fertility, life expectancy gains have a twofold effect: they directly increase utility via increased survival probabilities, and …